Chinese executive Alice Huang, suspected by U.S. intelligence to spy on Beijing and to maintain a relationship with the president of Nvidia, built part of her career alongside an investor sanctioned by the Chinese authorities.
© Lusa
11/11/2026
by
Lusa
A chinese executive Alice Huang, suspected by U.S. intelligence to spy on Beijing and to maintain a relationship with the president of Nvidia, built part of her career alongside an investor sanctioned by Chinese authorities.
According to an investigation published today by the Financial Times (FT), Huang maintained for nearly a decade a personal and business relationship with the founder of the Hexi Capital investment company, Kang Wei, which was the subject of several investigations for irregularities in the Chinese stock market.
The relationship between the two, who developed businesses from private investment in Shanghai to artificial intelligence data centres (IA) in Southeast Asia, raises new questions about the executive's network of contacts and its links to Nvidia, the American semiconductor manufacturer.
Alice Huang became the focus of U.S. intelligence after establishing a relationship with Nvidia's co-founder and executive president Jensen Huang while running Megaspeed, Singapore-based company and client of the U.S. group.
According to the FT, US intelligence suspects that the executive has become an asset of the Chinese State Security Ministry, the country's leading spy and counterintelligence agency.
The allegation was not publicly demonstrated and Beijing rejected it on Monday, classifying it as a unfounded accusation aimed at defaming China.
Originally from a rural area of Hunan Province (center), Alice Huang began her career as a journalist on state television CCTV, before studying in Hong Kong and joining the financial sector.
After working at HSBC and Chinese Realtor Citic Securities, he joined Hexi Capital in 2015, founded five years earlier by Kang Wei.
The Chinese financial market regulator fined the investor in 2018 and 2025 to a total of 2,9 million yuan (about EUR 390,000), for using different investment vehicles to acquire control of companies without fulfilling the disclosure obligations.
According to Chinese financial publication Caixin, Kang was still arrested this year for suspicion of scholarship manipulation.
The business relationship between Kang and Huang continued despite the investor’s problems with the regulatory authorities.
The two sought to capture funding for AI data centers in Southeast Asia, taking advantage of the demand for computing capacity and US export restrictions for advanced semiconductors to China.
In 2023, Huang and partners acquired Megaspeed, previously linked to the video game industry, to transform it into a data center company for AI.
The FT revealed that the executive participated that year in one of the first meetings between Megaspeed and representatives of Nvidia, in which the Singaporean company presented business relations with the Chinese group Alibaba as evidence of the viability of the business.
In 2024, Alibaba provided funding to Megaspeed through an entity based in Singapore, according to the newspaper.
As early as 2025, Huang and Kang sought to attract Chinese investors, highlighting the ability to obtain Nvidia graphics processors, essential for the development of advanced AI systems.
In Singapore, the executive also started using the name Alice Wong.
The investigation also states that Alice Huang's sister, Huang Yu, was an administrator and investor in companies linked to the business of the executive and Kang, without the reasons for this participation being clarified.
Megaspeed has been under investigation by the Singaporean authorities since October 2025 for suspected involvement in the diversion of advanced semiconductors to China.
Alice Huang has not been seen publicly since the announcement of the investigation, according to FT. People close to the executive believe he's back in China.